Jack Dorsey-backed Bitcoin mining pool opens headquarters in El Salvador

, is opening a hub in BTC-friendly El Salvador to establish a global presence.its entity in El Salvador, which will function as its international hub and headquarters. The hub is located in the capital city of El Salvador, San Salvador.Ocean’s president, Mark Artymko, noted that El Salvador was an obvious choice for the firm to further its decentralization efforts and get a global presence.

“With places like Venezuela and the EU imposing legislation to ban Bitcoin mining, El Salvador’s political stance was in stark contrast and a beacon of hope for the industry.” According to Ocean co-founder and chief technology officer Luke Dashjr, the pool’s launch in El Salvador will help El Salvador — which“El Salvador is on the leading edge of Bitcoin and Bitcoin mining adoption, and we believe Ocean’s presence here will help to advance these efforts here and create new opportunities for El Salvador and elsewhere,” he stated.

El Salvador’s Bitcoin office head, Stacy Herbert, welcomed the news from Ocean, noting that the company’s presence in El Salvador reaffirms the Bitcoin-first culture in El Salvador.The news comes about half a year after Ocean Mining launched in late 2024. The company operates a Bitcoin mining pool committed to providing decentralized, non-custodial and transparent mining services.

Ocean is spearheaded by longtime Bitcoin Core developer Luke Dashjr and operated by Bitcoin Ocean, a subsidiary of Mummolin, a Wyoming corporation and successor to the Eligius Bitcoin mining pool, which operated from 2011 to 2017.for Mummolin, which aims to support decentralized mining and enable miners to receive block rewards directly from Bitcoin.

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